New at this…please see below. Is this a garbage deal?
2020 xDrive 40i
MSRP incl. destination:|$67,495.00
Residual:$38,472.15 (57% of MSRP1)|
money factor: .00142
Lease Down Incentive|$500|
Bonus Cash- $750
Monthly Lease Payment - |$799.00
8.875% NY tax paid in the Due At Signing amount.
An additional $500.00 Down Payment incentive was added to lower your payments.
Total DOS: $4577.28
The amount due at signing consists of $0.00 down payment , $799.00 first month’s payment, $925.00 lease acquisition fee, $75.00 doc fee, $10.00 inspection, $12.50 tire and $2,754.76 upfront sales tax.The dealership is using $750.00 Bonus Cash to lower your payments.
Ugh. Pain in the you know what. Fine with a dealer making some profit but not taking me to the cleaners. I contacted someone on lease hackers who helps negotiate deals…see what comes of it. Thanks for help.
The amount of pre-incentive discount to expect will vary by region depending upon demand. You’d need to try and find posted deals in your area to get an idea of what to expect. What is a good deal in TX may be a bad deal in NY.
Kind of a catch 22. They want more money because of low volume, people that are willing/wanting to buy in this current climate are going to want a deal because they know cars will sit. I say everyone just let’s them sit. Let’s see how desperate they are by the last few days of the month. Hopefully May is better.
Even if this thing was nipped in the bud today, at this exact minute and everyone was instantly cured the economic harm done will take a while to mend if it ever at all. Don’t expect miracles on anything.